EBA欧洲银行-DE_851WYGNLUQLFZBSYGB56_TR_2015_25页_4mb

2015 EU-wide Transparency Exercise Summary: Commerzbank AG

Core Information

• Bank Name: Commerzbank AG
• LEI Code: 851WYGNLUQLFZBSYGB56
• Country Code: DE (Germany)

Capital Structure

The document provides detailed information on the capital structure of Commerzbank AG as of December 31, 2014, and June 30, 2015, according to the Capital Requirements Regulation (CRR).

Own Funds

• As of 31/12/2014: 31,476 mln EUR
• As of 30/06/2015: 32,604 mln EUR
• Regulation: Articles 4(118) and 72 of CRR

Common Equity Tier 1 (CET1) Capital

• As of 31/12/2014: 25,123 mln EUR
• As of 30/06/2015: 26,646 mln EUR
• Regulation: Article 50 of CRR

Capital Instruments Eligible as CET1

• As of 31/12/2014: 16,998 mln EUR
• As of 30/06/2015: 18,397 mln EUR
• Regulation: Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR

Retained Earnings

• As of 31/12/2014: 10,335 mln EUR
• As of 30/06/2015: 11,153 mln EUR
• Regulation: Articles 26(1) point (c), 26(2) and 36 (1) points (a) and (f) of CRR

Accumulated Other Comprehensive Income

• As of 31/12/2014: -956 mln EUR
• As of 30/06/2015: -729 mln EUR
• Regulation: Articles 4(100), 26(1) point (d) and 36 (1) point (f) of CRR

Other Reserves

• As of 31/12/2014: -432 mln EUR
• As of 30/06/2015: -169 mln EUR
• Regulation: Articles 4(117) and 26(1) point (e) of CRR

Minority Interest in CET1 Capital

• As of 31/12/2014: 388 mln EUR
• As of 30/06/2015: 430 mln EUR
• Regulation: Article 84 of CRR

Adjustments to CET1 due to Prudential Filters

• As of 31/12/2014: -394 mln EUR
• As of 30/06/2015: -498 mln EUR
• Regulation: Articles 32 to 35 and 36 (1) point (f) of CRR

Deductions from CET1 Capital

• Intangible Assets (including Goodwill): -3,059 mln EUR (31/12/2014), -3,107 mln EUR (30/06/2015)
• DTAs that rely on future profitability: -639 mln EUR (31/12/2014), -507 mln EUR (30/06/2015)
• IRB shortfall of credit risk adjustments: -827 mln EUR (31/12/2014), -1,310 mln EUR (30/06/2015)
• Defined benefit pension fund assets: -283 mln EUR (31/12/2014), -295 mln EUR (30/06/2015)
• Reciprocal cross holdings: 0 mln EUR (both dates)
• Excess deduction from AT1 items over AT1 Capital: 0 mln EUR (both dates)
• Deductible DTAs that rely on future profitability and arise from temporary differences: -444 mln EUR (31/12/2014), -186 mln EUR (30/06/2015)
• Holdings of CET1 capital instruments with significant investment: 0 mln EUR (both dates)
• Amount exceeding the 17.65% threshold: 0 mln EUR (both dates)
• Other CET1 capital elements and deductions: -49 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)

Transitional Adjustments

• Transitional adjustments due to grandfathered CET1 Capital instruments: 0 mln EUR (both dates)
• Transitional adjustments due to additional minority interests: 356 mln EUR (31/12/2014), 274 mln EUR (30/06/2015)
• Other transitional adjustments to CET1 Capital: 4,488 mln EUR (31/12/2014), 3,495 mln EUR (30/06/2015)

Tier 1 Capital

• As of 31/12/2014: 25,123 mln EUR
• As of 30/06/2015: 26,646 mln EUR
• Regulation: Article 25 of CRR

Tier 2 Capital

• As of 31/12/2014: 6,353 mln EUR
• As of 30/06/2015: 5,958 mln EUR
• Regulation: Article 71 of CRR

Additional Tier 1 Capital

• As of 31/12/2014: 0 mln EUR
• As of 30/06/2015: 0 mln EUR
• Regulation: Article 61 of CRR

Risk Exposure Amounts

• Total Risk Exposure Amount (as of 31/12/2014): 215,178 mln EUR
• Total Risk Exposure Amount (as of 30/06/2015): 215,318 mln EUR
• Regulation: Articles 92(3), 95, 96 and 98 of CRR

Risk Exposure Breakdown

• Credit Risk: 173,561 mln EUR (31/12/2014), 172,295 mln EUR (30/06/2015)
• Securitisation and Re-securitisations (Banking Book): 3,112 mln EUR (31/12/2014), 3,174 mln EUR (30/06/2015)
• Contributions to the Default Fund of a CCP: 8 mln EUR (31/12/2014), 10 mln EUR (30/06/2015)
• Other Credit Risk: 170,442 mln EUR (31/12/2014), 169,112 mln EUR (30/06/2015)
• Market Risk (Position, FX, Commodities): 9,576 mln EUR (31/12/2014), 11,879 mln EUR (30/06/2015)
• Securitisation in Trading Book: 13 mln EUR (31/12/2014), 15 mln EUR (30/06/2015)
• Credit Valuation Adjustment: 10,479 mln EUR (31/12/2014), 8,489 mln EUR (30/06/2015)
• Operational Risk: 21,560 mln EUR (31/12/2014), 22,655 mln EUR (30/06/2015)
• Other Risk Exposure Amounts: 1 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)

Profit and Loss (P&L)

• Net Operating Income (As of 31/12/2014): 9,360 mln EUR
• Net Operating Income (As of 30/06/2015): 5,348 mln EUR
• Profit or Loss Before Tax from Continuing Operations (As of 31/12/2014): 561 mln EUR
• Profit or Loss After Tax from Continuing Operations (As of 31/12/2014): 335 mln EUR
• Profit or Loss After Tax from Discontinued Operations: 0 mln EUR (both dates)
• Profit or Loss for the Year: 335 mln EUR (31/12/2014), 700 mln EUR (30/06/2015)
• Of which attributable to owners of the parent: 236 mln EUR (31/12/2014), 644 mln EUR (30/06/2015)

Key P&L Components

• Interest Income: 11,967 mln EUR (31/12/2014), 5,365 mln EUR (30/06/2015)
• Debt Securities Income: 2,496 mln EUR (31/12/2014), 1,159 mln EUR (30/06/2015)
• Loans and Advances Income: 8,963 mln EUR (31/12/2014), 4,129 mln EUR (30/06/2015)
• Interest Expenses: 7,164 mln EUR (31/12/2014), 3,358 mln EUR (30/06/2015)
• Deposits Expenses: 4,070 mln EUR (31/12/2014), 1,684 mln EUR (30/06/2015)
• Debt Securities Issued Expenses: 2,848 mln EUR (31/12/2014), 1,177 mln EUR (30/06/2015)
• Dividend Income: 791 mln EUR (31/12/2014), 982 mln EUR (30/06/2015)
• Net Fee and Commission Income: 3,173 mln EUR (31/12/2014), 1,721 mln EUR (30/06/2015)
• Gains/Losses on Derecognition: 29 mln EUR (31/12/2014), 318 mln EUR (30/06/2015)
• Gains/Losses on Trading Financial Assets: 618 mln EUR (31/12/2014), 269 mln EUR (30/06/2015)
• Gains/Losses on Fair Value through Profit or Loss: -182 mln EUR (31/12/2014), 120 mln EUR (30/06/2015)
• Gains/Losses from Hedge Accounting: 16 mln EUR (31/12/2014), -54 mln EUR (30/06/2015)
• Exchange Differences: 53 mln EUR (31/12/2014), -33 mln EUR (30/06/2015)
• Net Other Operating Income/Expenses: 59 mln EUR (31/12/2014), 17 mln EUR (30/06/2015)

Risk Exposure by Country

• Germany:

  • Standardised Total: 152,345 mln EUR (31/12/2014), 152,329 mln EUR (30/06/2015)
  • Original Exposure: 40,077 mln EUR (31/12/2014), 49,626 mln EUR (30/06/2015)
  • Exposure Value: 46,224 mln EUR (31/12/2014), 54,860 mln EUR (30/06/2015)
  • Risk Exposure Amount: 32,407 mln EUR (31/12/2014), 31,762 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 753 mln EUR (31/12/2014), 866 mln EUR (30/06/2015)

• United Kingdom:

  • Standardised Total: 612 mln EUR (31/12/2014), 725 mln EUR (30/06/2015)
  • Original Exposure: 3,544 mln EUR (31/12/2014), 43 mln EUR (30/06/2015)
  • Exposure Value: 4,086 mln EUR (31/12/2014), 597 mln EUR (30/06/2015)
  • Risk Exposure Amount: 440 mln EUR (31/12/2014), 512 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 0 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)

• Poland:

  • Standardised Total: 24 mln EUR (31/12/2014), 3 mln EUR (30/06/2015)
  • Original Exposure: 7,805 mln EUR (31/12/2014), 7,458 mln EUR (30/06/2015)
  • Exposure Value: 7,889 mln EUR (31/12/2014), 7,544 mln EUR (30/06/2015)
  • Risk Exposure Amount: 24 mln EUR (31/12/2014), 3 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 0 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)

• United States:

  • Standardised Total: 428 mln EUR (31/12/2014), 331 mln EUR (30/06/2015)
  • Original Exposure: 428 mln EUR (31/12/2014), 331 mln EUR (30/06/2015)
  • Exposure Value: 428 mln EUR (31/12/2014), 331 mln EUR (30/06/2015)
  • Risk Exposure Amount: 0 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 0 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)

Capital Ratios

• CET1 Capital Ratio: 11.68% (31/12/2014), 12.38% (30/06/2015)
• Tier 1 Capital Ratio: 11.68% (31/12/2014), 12.38% (30/06/2015)
• Total Capital Ratio: 14.63% (31/12/2014), 15.14% (30/06/2015)

Summary of Key Trends

• Capital Growth: Own funds increased from 31,476 mln EUR to 32,604 mln EUR, and CET1 capital increased from 25,123 mln EUR to 26,646 mln EUR, indicating a strengthening of capital position.
• Risk Exposure: Total risk exposure remained relatively stable, increasing slightly from 215,178 mln EUR to 215,318 mln EUR.
• P&L Performance: Net operating income decreased significantly from 9,360 mln EUR to 5,348 mln EUR, while profit after tax increased from 335 mln EUR to 700 mln EUR, reflecting improved profitability.
• Transitional Adjustments: These played a role in adjusting CET1 capital, with reductions in both periods.
• Country-Specific Exposures: Germany accounted for the largest portion of risk exposure, with detailed breakdowns across various categories such as central governments, corporates, and securitisation. Other countries like the UK, Poland, and the US had smaller but still relevant exposures.